The bank has policies and processes that give a bank-wide view of significant sources of concentration risk (credit, market and other, including asset classes, products, collateral, currencies and funding sources), capturing on- and off-balance sheet exposures in the banking and trading books, including counterparty credit risk. Its information systems identify and aggregate on a timely basis exposures that create concentrations and large exposures to single counterparties or groups of connected counterparties and support their active management; it sets thresholds for acceptable concentrations reflecting appetite, profile and capital, communicates them to staff, and regularly reviews and reports all material concentrations to the board. It assesses connectedness through control relationships and economic interdependence on objective and qualitative criteria, measures large exposures at maximum possible loss rather than risk-weighted amounts, observes the large exposure limits on a solo and consolidated basis, with senior management monitoring them, and for internationally active banks meets requirements no less stringent than the Basel large exposures standard. The additional criterion sets 10% of Tier 1 as a large exposure and 25% of Tier 1 as the limit to a private non-bank counterparty or connected group for non-internationally active banks.
This control maps to 1 controls across 1 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.
Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.
The graph holds this control, the 1 it maps to, and the evidence behind each claim, over MCP and REST.